During this period, miners will experience a significant drop in revenue as the Bitcoin reward per block decreases by 50% to 3.125. However, Glassnode reports that the amount of Bitcoin in miner wallets remains stable, indicating that miners are not selling.
During this period, miners will experience a significant drop in revenue as the Bitcoin reward per block decreased by 50% to 3.125. However, Glassnode reports that the amount of Bitcoin in miner wallets remains stable, indicating that miners are not selling.
The impact of the halving on miners requires them to reshape their revenue structure. On the other hand, miners' revenues, including transaction fees, remain at pre-halving levels. This will determine the market's adaptation to the halving event and miners' strategies.
Regulators in Hong Kong have approved Bitcoin and Ethereum ETFs, sparking a lot of interest in global markets. According to WhalePanda's comments, the approval of more ETFs will facilitate China's access to these spaces. Moreover, ETF products in the US continue to be one of the most successful ETF launches in history, despite facing a broad slowdown after a rapid acceleration.
Useful Information
Bitcoin halving means that mining rewards are halved, which creates significant changes in revenues for miners.
New ETFs approved in Hong Kong offer new investment opportunities, especially for Bitcoin and Ethereum.
While ETFs in the US are experiencing a slowdown after rapid acceleration, they continue to attract investor interest.
In conclusion, the Bitcoin halving and ETF approvals are among the key developments that affect the strategies of both investors and miners. Market dynamics and investor reactions during this period will be decisive on the future valuations of cryptocurrencies.
